Marketplace for Monday, July 20, 2009
There are some things that people just don't skimp on. For some it's organic food, others refuse to turn off the AC, and some just can't stop pampering their pets. Andrew Kim of Healthy Spot L.A. explains how and why his business is doing well despite the recession.
Posted In: Science
Tonight is the 40th anniversary of man's first trip to the moon. We hear from people on the street about what they remember from the moon landing. Then Kai Ryssdal talks to author Craig Nelson about his new book 'Rocket Men," based on oral history of NASA and the Apollo missions.
Posted In: Housing
Companies that made millions in subprime loans are now selling loan modifications to some of the same borrowers, who are now at risk of losing their homes. Kai Ryssdal talks with The New York Times' Peter S. Goodman about how the brokers are doing business.
With commercial real-estate loans failing at an alarming rate, financial firms are creating real-estate investment trusts, or REITs, to buy the mortgages at deep discounts. Jeff Tyler reports.
U.S. Treasury Secretary Timothy Geithner is working to lessen the federal deficit by selling U.S. bonds to foreign investors. But he's finding it difficult to ease those skeptical of investing in the U.S. John Dimsdale reports.
The federal government played hardball by refusing to grant CIT a bailout, leaving it to the bank's bondholders to save it from bankruptcy. The move hints that the bailout spending spree may be winding down. Tamara Keith reports.